Although the supply of raw material is tight and sellers have strong rised mentality, downstream buyers are not willing to purchase at high prices. Given that, China tungsten prices continue to maintain stability.

The production of tungsten concentrate is limited by environmental protection policy, China’s Two Sessions and raised offer levels of listed tungsten companies. Though sellers tend to raise their offer levels, the demand side is weak. The transactions of tungsten concentrate are hardly concluded.

For ammonium metatungstate (APT) market, smelting factories remain low trading activity as they are waiting for the next move in the downstream and upstream markets. Most factories’ production replies on orders of old customers. APT price is stable on the whole.

Low-price raw materials are hardly got in the tungsten powder market despite of relatively sufficient supply. Terminal demand is weak, but raw material market offers supports to the market to some extent. This week, tungsten powder price would continue its stability.